關鍵字查詢 | 類別:期刊論文 | | 關鍵字:Experience from Taiwan

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序號 學年期 教師動態
1 93/1 經濟系 陳炤良 教授 期刊論文 發佈 The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan , [93-1] :The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan期刊論文The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan陳妙珍; Chen, Miaw-jane; 陳炤良; Chen, Chao-liang; Cheng, Wan-hsiu淡江大學會計學系; 淡江大學經濟學系Restricted open market share repurchases; traditional signaling hypothesis; free cash flow hypothesis; TaiwanWorld Scientific PublishingReview of pacific basin financial markets and policies 7(3), pp.335-354In this paper we empirically examine the effects of 451 restricted share repurchase announcements in Taiwan. Their 3-day cumulative abnormal returns are all significantly positive for different purposes and Tobin's qs. However, there is no significant difference in abnormal returns for different repurchasing purposes. This indicates that mandating a purpose is not really an effective tool for limiting managerial choice. Moreover, when the related variables are controlled, the other empirical results we conducted indicate
2 93/1 會計系 陳妙珍 副教授 期刊論文 發佈 The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan , [93-1] :The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan期刊論文The Announcement Effects of Restricted Open Market Share Repurchases: Experience from Taiwan陳妙珍; Chen, Miaw-jane; 陳炤良; Chen, Chao-liang; Cheng, Wan-hsiu淡江大學會計學系; 淡江大學經濟學系Restricted open market share repurchases; traditional signaling hypothesis; free cash flow hypothesis; TaiwanWorld Scientific PublishingReview of pacific basin financial markets and policies 7(3), pp.335-354In this paper we empirically examine the effects of 451 restricted share repurchase announcements in Taiwan. Their 3-day cumulative abnormal returns are all significantly positive for different purposes and Tobin's qs. However, there is no significant difference in abnormal returns for different repurchasing purposes. This indicates that mandating a purpose is not really an effective tool for limiting managerial choice. Moreover, when the related variables are controlled, the other empirical results we conducted indicate
[第一頁][上頁]1[次頁][最末頁]目前在第 1 頁 / 共有 02 筆查詢結果